GIFP BUSINESS PARK

The Business Park of Giurgiulesti International Free Port provides investors an excellent location on the border with the European Union, in a low cost environment, with tri-modal transport infrastructure and a unique tax and customs framework.

Investors can set up their businesses within the business park by leasing land, offices, warehouses or open storage facilities. In addition, Danube Logistics SRL offers potential investors associated services ranging from logistics to various support and administrative services.

Investor Questionnaire

Inexpensive, Multi-lingual Labor Force

Moldova has a population of 3.6 million (2016). Out of that totak, 70% of the population is multi-lingual, and 80% attain secondary education. The average monthly wage is about USD 370/EUR 300.

Proximity to EU, CIS and Turkish Markets

From Moldova exporters can easily reach EU single market with 508 million consumers, the CIS + Ukraine market with 282 million consumers as well as the Turkish market with 80 million consumers.

Fast Growing Emerging Market
In 2017 the Republic of Moldova achieved an economic growth of 4.5%, agricultural production increased by  8.6% and industrial production increased by 4.2% (change 12 months!!!).

Free Trade Regimes

Since 2001 the Republic of Moldova is a full-right member of the WTO. In addition Moldova has signed Free Trade Agreements with 43 countries: EU-28 member states (DCFTA), CIS member-states, Members of Central European Free Trade Agreement and Turkey. Furthermore Moldova benefits from preferential trade agreements with Norway, Canada, Switzerland, Japan and USA.

Investment Opportunities

There are numerous investment opportunities in the agriculture, manufacturing and logistics sectors.

Agriculture and Food Processing
Moldova possesses over 2.5 million hectares of highly fertile agricultural land and sufficient water resources. This, together with the favorable climatic conditions and the predominantly well-educated and inexpensive work force, as well as the free trade regimes, form favorable conditions for investments.

Manufacturing
The combination of well-educated, inexpensive workforce and free trade agreements calls for lucrative investments in labor intensive industries (i.e. automotive suppliers, textile industry etc).

Logistics
Moldova serves as an: ideal location for storage and distribution of goods to Central, Eastern European, CIS and Turkish markets; good connection by road, sea, river, narrow-gauge rail and broad-gauge rail network, as well as air.

 

Tax Incentives & Favorable Customs Regime

The favorable tax and customs regime applicable to GIFP Business Park residents can be summarized as follows:

  • 75% reduction of corporate income tax during the first 10 years of operation (currently 3% instead of 12%) and a 50% reduction for the remaining period until 2030;
  • exemption from excise taxes and import VAT;
  • exemption from import and export duties;
  • exemption of import duties into the rest of Moldova for goods that originate from Giurgiulesti International Free Port;
  • exemption of foreign employees from social insurance contributions;

Unlike in Moldovan free economic zones, where activities are typically limited to certain types of activities, the residents of GIFP Business Park have the right to undertake any activity that is ordinarily allowed in Moldova. Investors may also be 100% foreign owned, freely repatriate their profits and are not subject to revenue based administration fees or minimum investment obligations.

Quality of GIFP Business Park Infrastructure

GIFP Business Park is a green field development with newly constructed utility and road infrastructure. All land plots leased by residents benefit from road electricity, water, gas and fibre-optic telecommunication connections.

Low Operating Expenses

With an official average wage of only 370USD/300 EUR per month, Moldova’s multi-lingual labor force remains the most competitive labor force in Europe. Against this background Moldova has developed as a favorable location for companies active in labor intensive manufacturing, e.g. textile companies, automotive suppliers and call centers.

Apart from favorable payroll expenses, GIFP Business Park residents also benefit from relatively inexpensive utility charges:

Electricity — 1,40 MDL (0.11 $) per kWh for 6-10 kV; 1.38 MDL (0.12 $) per kWh for 0.4 kV
Gas — 4,8950 MDL (0.34 $) per m³ low pressure

Available Human Resources
GIFP Business Park close proximity to Romania (Galati 17km) and Ukraine (Reni 8km) attracts work force not only from Moldova but also from Romania and Ukraine.

Moldova (up to 60 km) – 100,000 population
Galati (Romania – 17 km) – 330,000 population
Reni region, Ukraine (8 km) – 41,000 population

Lease of Land

There is a selection of land available for long-term leases connected to electricity, gas, water, telecommunications, road infrastructure as well as in close proximity to rail and port infrastructure.

Lease of Warehouse, Open Storage and Production Facilities

A selection of types of warehouses, open storage halls or production facilities that are offered for short or long — term lease within GIFP Business Park. All areas are connected to basic necessary infrastructure such as electricity, gas, water, telecommunications, road infrastructure as well as in close proximity to rail and port infrastructure.

Lease of Offices

There are small and large office spaces available for short-to long-term leases within GIFP Business Park. All offices are connected to electricity, gas, water, telecommunications, road infrastructure as well as in close proximity to rail and port infrastructure.

Advisory Services

Upon request the management of GIFP Business Park will provide residents and potential residents with advisory services on issues ranging from the incorporation of a company in Moldova, permitting and other legal matters, project management, construction permitting/management, procurement issues as well as recruitment of human resources.


latest news
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01.12.2018
FRENCH AMBASSADOR TO MOLDOVA VISITS GIURGIULESTI INTERNATIONAL FREE PORT

Mr. Pascal Le Deunff, Ambassador of French Republic to Moldova paid an official visit to Giurgiulesti International Free Port (GIFP) where Dr. Mathias von Tucher, Operations Director of the port made a presentation of GIFP for the French Delegation, as well as dicussed the role of the port, as one of the most important multimodal logistics hubs for Moldova and the region.

During the tour of the port Mr. Le Deunff has visited the container and general cargo terminal, port’s business park, as well as the mixed-gauge rail terminal. Within the tour of the port Mr. Ambassador witnessed transshipment of coal from a maritime vessel to railway wagons, as well as noticed a lot of activity at port berths, which, meanwhile were all occupied by different type of maritime vessels.

In first 9 month of this year, GIFP has facilitated trade to more than 60 countries over the world and continues to develop into a reliable and cost-effective partner, both for moldovan and foreign business community.

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29.10.2018
Trade Relations and opportunities of using GIFP as a Multi-modal logistics hub presented at the Business Forum in Ravenna.

Dr. Mathias von Tucher, Operations Director of ICS Danube Logistics SRL participated as a speaker in a business forum themed «maritime and land connections between Italy and Moldova» held in Ravenna, Italy. Dr. von Tucher presented Giurgiulesti International Free Port, highlighting potential areas of collaboration between Moldova and Italy.

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20.08.2018
INCREASING IMPORTS OF FERTILIZER VIA GIURGIULESTI INTERNATIONAL FREE PORT

In July companies active in Moldova’s agricultural sector started to import fertilizer in big bags via Giurgiulesti International Free Port, which was delivered to Giurgiulesti in maritime vessels from Russian Black Sea ports.

Since the first delivery on July 25, Danube Logistics SRL, the general investor and operator of Giurgiulesti International Free Port, has already facilitated the import of more than 10,000 tons of fertilizer. In order to reduce the time required to discharge each vessel Danube Logistics SRL acquired special equipment enabling the simultaneous unloading / loading of up to 12 big bags.

Thomas Moser, the general director of Danube Logistics SRL, stated: “I am confident that the transshipment of fertilizer at Giurgiulesti International Free Port will develop into one of our main activities in the coming years. The delivery of fertilizer from Black Sea or Mediterranean ports to Moldova in maritime vessels is reliable and cost effective.”

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19.07.2018
ORGANIC GRAIN TERMINAL OPERATED BY PROGRAIN ORGANIC SRL OPENED AT GIURGIULESTI INTERNATIONAL FREE PORT

On Thursday, July 19, ProGrain Organic SRL opened the organic grain processing, conditioning and storage facility at the premises of Giurgiulesti International Free Port. The total area of the terminal is 3.250m2 and so far the volume of investments exceeded $1.5 million. At the moment 2.000 tons of organic grain stored at the new terminal are waiting to be exported to western and central European countries. This year the company plans to export about 20.000 tons of organic grain. ProGrain Organic  SRL exports its cargo mainly in sea containers in partnership with Danube Logistics SRL, the general investor and operator of Giurgiulesti International Free Port.

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